Sell Scrap Gold for Income
When most people think of gold, they picture precious bars stacked in a vault somewhere out of reach.
Perhaps they think it's a precious metal found beneath the ground in some places.
You might be surprised to know that this particular precious metal isn't always worth a fortune, but that you can possibly make a little money from it.
It's called "scrap gold", and you can sell scrap gold for income.
The two major sources of scrap discussed in this article are old gold jewelry and electronics.
You might find it difficult to think of old gold jewelry as scrap.
The word is usually used to describe something that's not worth anything.
However, the simple fact is that there is a lot of jewelry out there that has fallen out of favor due to style changes or other factors.
It's not useful for wearing or much of anything else, which is why it's considered scrap.
The good news is that these useless pieces can be exchanged for cash.
You may be wondering where to find this scrap.
The truth is it's all around you.
You probably have it in your home.
Check the attic, the closets and inside your drawers for scrap items.
Don't have anything? Then that's no problem.
Just ask friends and family about old gold jewelry that they no longer use.
It can be anything from an old watch to an old class ring.
The secret here is to tell people that you will pay them for their old, unwanted gold items.
You make a profit because you offer these individuals a lower price than what you will ultimately get for it.
This so-called "spread" between your purchase price and sale price is your profit.
It's actually a win-win situation for everybody.
The person generates some quick, easy cash and you turn around and do the same thing.
Most people don't want to get too involved with the gold market anyway.
They just want some cold hard cash in exchange for old jewelry that they no longer want.
Electronics can also be a good source of scrap.
You might not know it, but cell phones, computers and other electronics often contain bits and pieces of gold.
Making money this way is a little bit trickier because the amount of gold contained in various electronic devices varies.
In addition, the cost and time of extracting the precious metal from these devices may outweigh the potential profit.
This is especially true if you're doing this all by hand in a haphazard manner.
However, that doesn't mean you should overlook this source of scrap.
If you are ambitious, you can do the research to determine which devices contain the most gold as part of their circuitry.
If you want to sell scrap gold, then jewelry and electronic devices that contain gold are two good sources.
There are additional sources as well, such as tooth fillings and coins.
The money potential is there, all you have to do is go out and find it.
Perhaps they think it's a precious metal found beneath the ground in some places.
You might be surprised to know that this particular precious metal isn't always worth a fortune, but that you can possibly make a little money from it.
It's called "scrap gold", and you can sell scrap gold for income.
The two major sources of scrap discussed in this article are old gold jewelry and electronics.
You might find it difficult to think of old gold jewelry as scrap.
The word is usually used to describe something that's not worth anything.
However, the simple fact is that there is a lot of jewelry out there that has fallen out of favor due to style changes or other factors.
It's not useful for wearing or much of anything else, which is why it's considered scrap.
The good news is that these useless pieces can be exchanged for cash.
You may be wondering where to find this scrap.
The truth is it's all around you.
You probably have it in your home.
Check the attic, the closets and inside your drawers for scrap items.
Don't have anything? Then that's no problem.
Just ask friends and family about old gold jewelry that they no longer use.
It can be anything from an old watch to an old class ring.
The secret here is to tell people that you will pay them for their old, unwanted gold items.
You make a profit because you offer these individuals a lower price than what you will ultimately get for it.
This so-called "spread" between your purchase price and sale price is your profit.
It's actually a win-win situation for everybody.
The person generates some quick, easy cash and you turn around and do the same thing.
Most people don't want to get too involved with the gold market anyway.
They just want some cold hard cash in exchange for old jewelry that they no longer want.
Electronics can also be a good source of scrap.
You might not know it, but cell phones, computers and other electronics often contain bits and pieces of gold.
Making money this way is a little bit trickier because the amount of gold contained in various electronic devices varies.
In addition, the cost and time of extracting the precious metal from these devices may outweigh the potential profit.
This is especially true if you're doing this all by hand in a haphazard manner.
However, that doesn't mean you should overlook this source of scrap.
If you are ambitious, you can do the research to determine which devices contain the most gold as part of their circuitry.
If you want to sell scrap gold, then jewelry and electronic devices that contain gold are two good sources.
There are additional sources as well, such as tooth fillings and coins.
The money potential is there, all you have to do is go out and find it.
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